Shares of Olin Corporation (OLN) Sees Large Inflow of Net Money Flow

Olin Corporation (OLN): $9.12 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.12. The value of trades done on upticks was $85.67 million, whereas, trades done on downticks were valued at $76.55 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $16.56 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $10.16 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 1.63 was strongly in favor of the bulls. The money flow in block trades was $6.39 million. Olin Corporation (OLN) fell $5.44 traded at $20.64, a change of -20.86% over the previous day. The stock is -19.91% for the week.


Olin Corporation (OLN) : The most positive equity analysts on Olin Corporation (OLN) expects the shares to touch $31, whereas, the least positive believes that the stock will trade at $20 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $25.25 with an expected fluctuation of $4.57 from the mean.

Olin Corporation (NYSE:OLN): On Fridays trading session , Opening price of the stock was $21.06 with an intraday high of $21.42. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.07. However, the stock managed to close at $20.64, a loss of 20.86% for the day. On the previous day, the stock had closed at $26.08. The total traded volume of the day was 20,310,448 shares.

In a related news, Larrimore Randall W, director of Olin Corp, had purchased 1,600 shares on March 1, 2016. The total value of the transaction was $24,720. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Olin Corporation is a manufacturing company. The Company operates in three segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid. Winchester products segments include sporting ammunition, reloading components, small caliber military ammunition and components and industrial cartridges. The Companys subsidiary, Olin Canada ULC, operates one chlor alkali facility in Becancour, Canada, which sells chlor alkali-related products within Canada and to the United States and also sells and distributes ammunition within Canada. Its subsidiary, Winchester Australia Limited, loads and packs sporting and industrial ammunition in Australia.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.